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Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts
Standard Chartered's CEO, Bill Winters, has apologised for describing some of the nearly 8,000 staff facing job cuts due to AI as "lower-value human capital." The apology followed significant backlash after the London-headquartered bank announced plans to eliminate approximately 7,800 back-office roles.
Turkish lira-pegged stablecoins most widely used after dollar tokens, Zodia says
Turkish lira-pegged stablecoins most widely used after dollar tokens, Zodia says PARIS, June 2 : Stablecoins pegged to the Turkish lira were the second-most widely used stablecoins among clients at Standard Chartered's crypto subsidiary last year, although volumes remain small compared to dollar-pegged tokens, Zodia Markets said on Tuesday. Stablecoins, a type of cryptocurrency pegged to fiat currency, have surged in volume in recent years but are mostly used in crypto trading and not widely...
VR Man in 2026? One fan reimagined Singapore's TV superhero in an AI-generated video
One fan reimagined Singapore's TV superhero in an AI-generated video A VR Man fan created an AI-generated tribute imagining what Singapore's first TV superhero might look in 2026, complete with upgraded armour, bigger action and plenty of nostalgia. Singapore's very own TV superhero who burst onto the screens in 1998 wearing a black spandex suit and half mask, in what remains one of local television's most unforgettable experiments. Played by James Lye, the hunky actor-turned-global head of...
Hong Kong taps banks, lawyers and crypto firms to help rewrite rules for tokenised bonds
Advertisement Hong Kong taps banks, lawyers and crypto firms to help rewrite rules for tokenised bonds HKMA sets up the collective, spanning 21 institutions, in push to expand blockchain-based issuance beyond government pilots 2-MIN READ2-MIN Listen Hong Kong’s de facto central bank has formed a group of industry experts to help remove legal and regulatory hurdles to tokenized bonds, as authorities seek to move beyond pilot projects and encourage wider adoption from private issuers. The Hong...
Australians have a lot in common with the Pope when it comes to AI
analysis What do the Pope and most Australians have in common? Neither trust AI companies Thu 4 Jun 2026 at 5:00am It's not often that the Pope, college students and Australians agree. One topic that has put these unusual bedfellows all roughly on the same page is artificial intelligence.
More measures on gold coming? Finance ministry asks banks for information on gold loans
In a move that may possibly be a sign of upcoming measures on gold, the finance ministry has directed bullion-importing banks to furnish detailed information on gold metal loans and loans backed by gold from 2023 onwards. Despite a lower import volume of 721 tonnes compared with the previous year, India's gold import bill rose 24% to a record $71.9 billion in 2025-26. The dozen banks involved in gold imports either borrow gold from international lenders and extend it to jewellers through...
Fox News AI Newsletter: AI girlfriend dumps Hollywood filmmaker
IN TODAY'S NEWSLETTER:- Oscar-nominated filmmaker disappointed his AI girlfriend dumped him- AI layoffs may be backfiring on companies- Nvidia CEO Jensen Huang warns China has ‘all the chips they need’ despite US bansBAD BREAK-UP: Dating in the digital era isn't easy, as one Oscar-nominated filmmaker learned the hard way. Paul Schrader, the screenwriter of Martin Scorsese classics like "Taxi Driver" and "Raging Bull," revealed in a Facebook post that he had dabbled in developing an "AI...
Jamie Dimon in China: As AI adoption accelerates, we will hire more AI specialists
America’s largest bank JP Morgan CEO Jamie Dimon recently said that the bank plans to hire more artificial intelligence specialists as the adoption of technology accelerates. Speaking at the bank’s China Summit in Shanghai with Bloomberg, Jamie Dimon said “I think it will reduce our jobs down the road”, adding “There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive.” Striking a...